RES 2012: Sargan lecture (Ariel Pakes)

Ariel Pakes is the Steven McArthur Heller Professor of Economics in the Department of Economics at Harvard University, where he teaches courses in Industrial Organization and in Econometrics.

Before moving to Harvard in 1999, he was the Charles and Dorothea Dilley Professor of Economics at Yale University (1997-99). He has held other tenured positions at Yale (1988-97), the University of Wisconsin (1986-88), and the University of Jerusalem (1985-86). Pakes received his doctorate degree from Harvard University in 1980, and he stayed at Harvard as a Lecturer until he took up a position in Jerusalem in 1981. Pakes received the award for the best graduate student advisor at Yale in 1996.

Pakes was elected fellow of the American Academy of Arts and Sciences in 2002. He received the Frisch Medal of the Econometric Society in 1986, was elected as a fellow of that society in 1988, and gave the Fisher-Schultz lecture at the World Congress of that society in 2005. He was the Distinguished Fellow of the Industrial Organization Society in 2007. He has been on the editorial boards of the RAND Journal of Economics, Econometrica, Economic Letters and the Journal of Economic Dynamics and Control. He is also a research associate of the NBER, and has been member of the AEA Committee on Government Statistics, the chair of the AEA Census Advisory Panel, and co-editor of Proceedings of the National Academy of Science issue on "Science, Technology and the Economy".

Professor Pakes' research has been in Industrial Organization, the Economics of Technological Change and in Econometric Theory. He and his co-authors have recently focused on developing techniques which allow us to empirically analyze market responses to policy and environmental changes. This includes theoretical work on how to estimate demand and cost systems and then use the estimated parameters to analyze equilibrium responses in different institutional settings, empirical work which uses these techniques to analyze market outcomes in different industries, and the development of a framework for the applied analysis of dynamic oligopolies (with and without collusive possibilities).